Sun Micro posts losses as revenue falls

Trade gap shrinks to $27.9 billion in November

WASHINGTON (CBS.MW) - The U.S. deficit in goods and services trade slimmed in November, a reflection of cheaper oil and a weak domestic economy's suppression of demand for foreign-made goods. The shortfall in goods alone stood at a 22-month low. See full story.

Ruling on Enron sale expected Friday

NEW YORK (CBS.MW) - A bankruptcy court judge is expected to rule Friday morning on whether Enron's plan to sell its energy trading assets to investment bank UBS Warburg can go forward. See full story.

Read-Rite warns, 3M beats

Shares of disk drive maker Read-Rite plunged 28 percent Friday morning after the company said that, based on order bookings and shipments, it anticipates a "significant" decline in second-quarter revenue from the first quarter, which it expects to be $136 million. Analysts surveyed by Multex were forecasting revenue of $146.2 million for the first quarter, and $152.9 million for the second. The company added, however, that earnings for the quarter ending December are expected to meet consensus analyst expectations of 3 cents a share. Looking ahead, the company is forecasting a sequential increase in revenue for its third quarter. See full story.

As Enron scandal rages, Cheney remains missing

CHICAGO (CBS.MW) - As the Enron scandal expands by the hour, threatening to engulf both houses of Congress and the very investigators that are probing the bankrupt energy giant, one question stands out among the hundreds unanswered: Where is Dick Cheney? See full story.

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